Santander : A good quality Q1 2022 and confirmation of the main points of the guidance
>Outperform rating maintained – target price unchanged at € 4.0 - Our positive approach on Santander is underpinned by the publication of Q1 2022 results and in the context of the crisis in Ukraine (Outperform, target price € 4.0). The broadly favourable trend at the beginning of the year (profitability/activity) is encouraging whilst the group has recently confirmed the main points of the group's financial targets for 2022 (‘mid-single digit’ growth for revenue, a co...Banco Santander is a holding company, providing a range of financial products. Co.'s products and services include: retail banking business that covers all customer banking businesses; wholesale banking business; as well as asset management and insurance business. Co.'s principal operations are in Spain, the U.K., Portugal, Germany, Italy and Latin America. As of Dec 31 2014, Co.'s total assets amounted to Euro1,266,296,000,000 and total customer deposits amounted to Euro647,627,000,000.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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